- Cape Town is on its way to becoming South Africa's very own Silicon Valley due to boom in investors
- Several international tech companies choose Cape Town as their desired location to open headquarters
- More than 40 000 people have also been employed by international tech companies in the city
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CAPE TOWN - Cape Town is slowly but surely emerging into a tech capital and has attracted several international companies to be their desired location to set up South African headquarters. This has also led to an increase in South Africans being employed by tech giants.
Canadian start-up company CostCertified told BusinessTech that Cape Town is one of the fastest-growing regions for foreign investment. More than 40 000 people have been employed by international tech companies.
The founder and chief executive of the company Mike Bignold said that South Africa offers a high-calibre and untapped talent pool for international businesses. He said there are many unemployed graduates and others with no formal qualifications that present potential.
The mother city also presents the largest number of foreign direct investment (FDI) projects in the software and IT services sector.
According to ESI Africa, Cape Town booming in international business because it is a market-friendly, efficiently run, business hub that offers a range of government support.
80 small business ideas in South Africa that actually work in 2022
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Source: Briefly News